Innovate (VATE) FCF Margin (2010 - 2025)
Innovate (VATE) posted quarterly FCF Margin of 26.42% for Q4 2025, up 930.0% year-over-year from 2.56% in Q4 2024, and up 382.61% on a QoQ basis from 5.47% in Q3 2025.
Innovate (VATE) FCF Margin (2010 - 2025) Analysis & Trends
Innovate (VATE) has reported FCF Margin for 16 consecutive years, with 26.42% the latest figure, recorded in Q4 2025.
- In Q4 2025, FCF Margin rose 930.0% year-over-year to 26.42%; the TTM figure through Dec 2025 stood at 11.73% (up 1101.0% YoY), while the FY2025 annual figure was 11.73%, up 1101.0% from the prior year.
- FCF Margin came in at 26.42% for Q4 2025 at Innovate, up from 5.47% in the prior quarter.
- The five-year high for FCF Margin was 26.42% in Q4 2025, with the low at 25.39% in Q1 2023.
- Average FCF Margin over 5 years is 1.91%, with a median of 3.69% recorded in 2022.
- The largest YoY upside for FCF Margin was 3891 bps in 2021 against a maximum downside of 2852 bps in 2021.
- Year by year, FCF Margin stood at 16.72% in 2021, then fell by 15 bps to 14.24% in 2022, then grew by 10 bps to 15.71% in 2023, then climbed by 9 bps to 17.12% in 2024, then surged by 54 bps to 26.42% in 2025.
- According to Business Quant data, FCF Margin over the past three periods registered 26.42%, 5.47%, and 18.51% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 0.93% |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 2.18% |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 2.06% |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 17.68% |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 3.38% |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | -13.66% |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 7.33% |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | -0.72% |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 13.83% |
| 10 | Innovate | 219.28 Mn | 121.08 Mn | 58.90 Mn | 26.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 26.42% |
| Sep 30, 2025 | 5.47% |
| Jun 30, 2025 | 18.51% |
| Mar 31, 2025 | -6.86% |
| Dec 31, 2024 | 17.12% |
| Sep 30, 2024 | -11.85% |
| Jun 30, 2024 | 8.66% |
| Mar 31, 2024 | -9.84% |
| Dec 31, 2023 | 15.71% |
| Sep 30, 2023 | 5.44% |
| Jun 30, 2023 | 3.17% |
| Mar 31, 2023 | -25.39% |
| Dec 31, 2022 | 14.24% |
| Sep 30, 2022 | -8.75% |
| Jun 30, 2022 | 4.21% |
| Mar 31, 2022 | -16.47% |
| Dec 31, 2021 | 16.72% |
| Sep 30, 2021 | -13.86% |
| Jun 30, 2021 | -1.11% |
| Mar 31, 2021 | -3.32% |